Steps: 1) find a metal coat hanger or similar thick piece of wire that can be bent without breaking but that isn't too bendy
2) Using a straight piece of the hanger, wrap it around a cylindrical object to get a nice uniform coil. You will end up with something that looks like a spring.
3) practice winding this coil through a spare piece of paper to find out exactly where the holes will be, then use the piece of paper as a template to poke holes in the cover and through the signatures
4) Wind the coiled coat hanger through the book and twist each end of the coil to keep it in place
This method is really bulky and pretty manly. It works best if the pages are very thick (such as thick cardboard/chipboard etc.) It gives a nice industrial look to the book which is especially masculine-a far stretch for the novice scrapbooker.